Tag: NAIRA
CBN to fine banks N150m for facilitating mint naira trade
The Central Bank of Nigeria (CBN) has announced a N150 million fine for any bank branch found guilty of supplying mint naira notes to...
Bobrisky arrives court for arraignment over naira abuse, money laundering
Crossdresser Bobrisky on Friday, arrived at the federal high court in Ikoyi, Lagos state for his trial on allegations bordering on naira abuse and...
EFCC confirms arresting Bobrisky over abuse of naira at Eniola Ajao’s...
The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of cross-dresser, Idris Okuneye aka Bobrisky, over abuse of naira, spraying of naira...
$30bn domiciliary deposits won’t be converted to naira — CBN
The Central Bank of Nigeria (CBN) on Saturday debunked reports of plans to convert $30 billion domiciliary deposits to naira.
Some news platforms (excluding QEDNG)...
CBN directs branches to continue issuing, accepting old, redesigned naira notes
The Central Bank of Nigeria (CBN) has directed its branches nationwide to continue issuing and accepting all denominations of the Nigerian banknotes.
The apex bank...
Old, re-designed naira notes to co-exist indefinitely – Supreme Court
The Supreme Court has ruled that the old and re-designed naira notes will remain legal tender till further notice.
A seven-man panel of justices led...
Naira: Old, new notes remain legal tender – CBN
The Central Bank of Nigeria (CBN) has said that old and new denominations of the naira remain legal tender, directing its branches nationwide to...
Again, CBN refutes claims of naira redenomination
The Central Bank of Nigeria (CBN) under the leadership of Olayemi Cardoso has refuted the rumour that it is considering redenominating the naira.
A statement...
OPM founder Apostle Chinyere suspends overseas scholarships over naira fall
Founder of the Omega Power Ministry (OPM) Apostle Chibuzor Chinyere has suspended all overseas scholarships sponsored by his organisation due to the downward slope...
Naira redesign: Reps panel wants intervention to cushion Nigerians’ hardship
The House of Representatives ad hoc committee on naira redesign has called for an intervention to mitigate the hardship being faced by Nigerians due...